Probably because for the development stage they racked up such a massive debt they are collapsing under that weight.
Comment on Unprofitable SF tech giant Okta lays off 400 workers, dozens in California
darkevilmac@lemmy.zip 5 months ago
I kind of wonder how a company with such an iron grip on SSO can’t manage to be profitable. That and I literally saw a job listing from Okta last weekend, so they’re probably just trying to replace their tenured high cost employees with cheaper workers.
Badeendje@lemmy.world 5 months ago
Darorad@lemmy.world 5 months ago
It could also have been a ghost listing, but yeah, I’m baffled they aren’t profitable